During the first month of the new year, the research firm Tokeninsight published its “Mining Industry Annual Research Report,” which covers the competitive bitcoin mining sector. Tokeninsight’s study highlights the fact that BTC’s hashrate increased by 80% in 2019, even though BTC’s year-over-year average price dipped by 1.9%. Tokeninsight’s report also notes that more than 73% of the market share of ASIC mining hardware stems from China.
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Tokeninsight is an independent organization “dedicated toward providing accurate data, ratings, and analytics” when it comes to the cryptocurrency ecosystem. The researchers have recently published the company’s annual mining industry report that discloses a range of figures from 2019. It also details the firm’s predictive outlooks for certain aspects of the mining ecosystem in 2020. The report is based on public…